Why is RattanIndia Pow. falling/rising?

As of 18-Sep, RattanIndia Power Ltd is currently priced at 12.35, reflecting a slight increase of 0.02 or 0.16%. The stock has been gaining for the last four days, with a total return of 1.65% over the past month. However, despite this recent uptick, the stock has underperformed significantly over the past year, with a decline of 19.49%. Key factors contributing to its recent movement include a high Debt to EBITDA ratio of 11.55 times, indicating low ability to service debt, and a negative PAT of Rs -13.11 crore, which has fallen by 123.6% compared to the previous four-quarter average. Additionally, 88.65% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, the stock's short-term performance of +1.65% over the last month is below the benchmark Sensex, which has returned +2.14% in the same period. This underperformance is further highlighted by the stock's year-to-date decline of 9.72%, contrasting sharply with the Sensex's gain of 6.24%. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 3.19% decrease in delivery volume against the five-day average, suggests waning interest. Overall, while there are some positive valuation metrics, the company's weak long-term fundamentals and high levels of pledged shares contribute to a challenging outlook for RattanIndia Power Ltd.